ING seeks to build securities scale in Taiwan

ING has made a bold move in Taiwan to expand its operational scale by merging its two existing securities enterprises in a drive to pool resources and increase its onshore competitiveness. The merger of its securities investment consulting enterprise (Sice) and its securities investment trust enterprise (Site) was approved by the Financial Supervisory Commission this week. According to data from consultancy Keystone Intelligence, ING Site had $4.7 billion in AUM at the end of Ju…